Top insider trades (May 8, 2026)

Author

Connor Van Ooyen
May 08, 2026

Connor’s Commentary

There were 202 new insider trades filed (and I share an update on the CEO Watcher performance).

1 insider trade was flagged as High Signal, but it wasn’t added to the portfolio because I’m not convinced about the cyclical recovery (though the insider purchase was one of the highest signal we’ve seen in a long time - reversal + cluster buy + ceo purchase + the industry has significantly above-average insider buying).

I also shared a note on why Floor & Decor (FND) has a very compelling bull case (and a recent first-time purchase by the CFO), but didn’t quite qualify for the High Signal List.

CEO Watcher Premium subs can see those in the Trade Notes section of this email (just scroll down).

As a reminder, if you upgrade to CEO Watcher Premium (link) and find that it isn’t for you, I’ll give you a refund.

  • Director (CULP H LAWRENCE JR) at GE HealthCare Technologies Inc. $GEHC purchased $5.00M (largest purchase ever, out of 6). This increased their listed holdings by 19%. 4 other insiders also purchased the stock in the last 30 days.

  • 10% Owner (Engine Capital Management, LP) at Orthofix Medical Inc. $OFIX purchased $2.23M (largest purchase ever, out of 4).

  • Chief Executive Officer at Sportradar Group AG $SRAD purchased $2.13M (3rd largest purchase, out of 3). Dip Buy: the stock was down -21% in the previous month. 6 other insiders also purchased the stock in the last 30 days.

  • Executive Vice Chair at BayCom Corp $BCML purchased $998.24K (largest purchase ever, out of 2).

  • Director (Sarowitz Steven I) at Angel Studios, Inc. $ANGX purchased $982.57K (first-ever purchase). This increased their listed holdings by 6,071%. Dip Buy: the stock was down -50% in the previous 6 months.

  • Director (SULLIVAN TIMOTHY P) at Option Care Health, Inc. $OPCH purchased $499.67K (2nd largest purchase, out of 2). This increased their listed holdings by 49%. Dip Buy: the stock was down -21% in the previous month. 3 other insiders also purchased the stock in the last 30 days.

  • SVP and Corporate Controller at Organon & Co. $OGN purchased $353.08K (first-ever purchase). This increased their listed holdings by 100%. Rip Buy: the stock was up 122% in the previous month.

  • Executive Chairman at ALEXANDRIA REAL ESTATE EQUITIES, INC. $ARE purchased $347.56K (5th largest purchase, out of 8). 1 other insider also purchased the stock in the last 30 days.

  • 10% Owner (DONEGAL MUTUAL INSURANCE CO) at DONEGAL GROUP INC

    $DGICA purchased $281.86K (86th largest purchase, out of 169).

  • See Remarks at Navios Maritime Partners L.P. $NMM purchased $250.78K (6th largest purchase, out of 12). Rip Buy: the stock was up 50% in the previous 6 months. This insider has purchased the stock 8 times in the last 30 days.

  • Chief Executive Officer at Better Home & Finance Holding Co $BETR purchased $197.49K (3rd largest purchase, out of 4). This increased their listed holdings by 10%. Rip Buy: the stock was up 150% in the previous year. 5 other insiders also purchased the stock in the last 30 days. Part of a 10b5-1 plan.

  • EVP & CFO at EXPAND ENERGY Corp $EXE purchased $192.86K (first-ever purchase). This increased their listed holdings by 27%.

  • CHIEF HUMAN RESOURCES OFFICER at MERIT MEDICAL SYSTEMS INC $MMSI purchased $136.46K (first-ever purchase). Reversal: they made 2 straight sales before this purchase. 2 other insiders also purchased the stock in the last 30 days.

  • President and CEO at MERIT MEDICAL SYSTEMS INC $MMSI purchased $120.88K (3rd largest purchase, out of 10). 2 other insiders also purchased the stock in the last 30 days.

  • President and CEO at QUANTA SERVICES, INC. $PWR sold $120.22M (largest sale ever, out of 8). This decreased their listed holdings by -21%. Rip Sell: the stock was up 40% in the previous month. Their last sale was 629 days ago. 1 other insider also sold the stock in the last 30 days.

  • Director (Green LTF Holdings II LP) at Life Time Group Holdings, Inc. $LTH sold $71.30M (3rd largest sale, out of 3). This decreased their listed holdings by -10%. 1 other insider also sold the stock in the last 30 days.

  • EVP & Former CFO at WESCO INTERNATIONAL INC $WCC sold $11.52M (largest sale ever, out of 6). This decreased their listed holdings by -29%. Rip Sell: the stock was up 28% in the previous month. 7 other insiders also sold the stock in the last 30 days.

  • Chief Risk Officer at BANK OF AMERICA CORP /DE/ $BAC sold $6.72M (first-ever sale).

  • Director (Meyers Charles J) at EQUINIX INC $EQIX sold $5.67M (5th largest sale, out of 59). This decreased their listed holdings by -41%. Rip Sell: the stock was up 33% in the previous 3 months. 1 other insider also sold the stock in the last 30 days.

  • President and CEO at IES Holdings, Inc. $IESC sold $4.61M (largest sale ever, out of 8). Rip Sell: the stock was up 39% in the previous month.

  • Exec. Vice President and CFO at CORNING INC /NY $GLW sold $4.20M (largest sale ever, out of 14). This decreased their listed holdings by -25%. Rip Sell: the stock was up 32% in the previous month. 1 other insider also sold the stock in the last 30 days.

  • EVP & CFO at WILLIAMS COMPANIES, INC. $WMB sold $3.77M (first-ever sale). This decreased their listed holdings by -20%. 1 other insider also sold the stock in the last 30 days.

  • EVP and General Counsel at WESCO INTERNATIONAL INC $WCC sold $3.56M (2nd largest sale, out of 10). This decreased their listed holdings by -33%. Rip Sell: the stock was up 28% in the previous month. 7 other insiders also sold the stock in the last 30 days.

  • Co-CEO at NETFLIX INC $NFLX sold $2.42M (33rd largest sale, out of 65). This decreased their listed holdings by -18%. Dip Sell: the stock was down -92% in the previous 6 months. 4 other insiders also sold the stock in the last 30 days. Appears to be regularly scheduled yearly transaction.

  • SVP, Operations at Noble Corp plc $NE sold $1.99M (largest sale ever, out of 5). This decreased their listed holdings by -49%. Rip Sell: the stock was up 30% in the previous 3 months. 3 other insiders also sold the stock in the last 30 days.

  • President & CEO at VIAVI SOLUTIONS INC. $VIAV sold $1.84M (8th largest sale, out of 45). Rip Sell: the stock was up 54% in the previous month. 5 other insiders also sold the stock in the last 30 days.

  • Chairman and CEO at Merchants Bancorp $MBIN sold $1.83M. Rip Sell: the stock was up 50% in the previous 6 months. Is part of a dividend reinvestment.

  • EVP & Chief Technology Officer at CIMPRESS plc $CMPR sold $1.79M (largest sale ever, out of 7). This decreased their listed holdings by -21%. Rip Sell: the stock was up 26% in the previous month.

  • and more…

Commentary

Happy Friday!

Let’s take a look at how CEO Watcher performed this week.

The CEO Watcher Portfolio

It was another good week for the CEO Watcher Portfolio.

The portfolio is up 3% v 1.48% for the S&P.

That brings the overall performance of the CEO Watcher Portfolio to 18.03% v 6.48% since we started the portfolio at the end of October.

As a reminder, I made a mistake a couple of weeks ago that cost the portfolio $500. I placed a large (relative to the CEO portfolio) pre-market purchase that was intended for my personal portfolio. By the time I realized and sold it, I lost $500. The actual portfolio performance is ~23% if you exclude that error.

The High Signal List

It was a decent week for the High Signal List (which is all of the Insider Purchases we mark as High Signal, even if they aren’t added to the Portfolio).

~57% of the stocks on the High Signal List were positive for the week, and they averaged 1.57% returns v 1.50% for the S&P.

Overall, we’ve added 167 stocks to the High Signal List since it was started in September. On average, they have outperformed the S&P by 1% / 7% in the one-month / three-month periods after being added to the list.

Insider Sentiment

Our favorite insider sentiment indicator has remained pretty steady for two months now.

The sentiment remains up near the “very bullish” threshold, but doesn’t look like it will move above the threshold any time soon.

S&P 500

The S&P has clearly broken out of the short base it formed over the past couple of weeks in April and has continued its march upward.

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CEO Watcher Premium

The rest of this email (including today’s top insider trades + all the charts and data) is for CEO Watcher Premium subscribers only. To see an example of the Premium email, click here.

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  • The Premium Dashboard, which has a bunch of charts/tables with insider trading data that is updated each day

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